Pinion Investment Advisors LLC Raises Stock Holdings in SPDR NYSE Technology ETF $XNTK

Pinion Investment Advisors LLC increased its stake in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 45.7% in the third quarter, HoldingsChannel reports. The firm owned 18,912 shares of the company’s stock after buying an additional 5,936 shares during the quarter. SPDR NYSE Technology ETF makes up approximately 1.5% of Pinion Investment Advisors LLC’s holdings, making the stock its 11th biggest holding. Pinion Investment Advisors LLC’s holdings in SPDR NYSE Technology ETF were worth $5,414,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XNTK. Royal Bank of Canada raised its position in shares of SPDR NYSE Technology ETF by 52.6% in the first quarter. Royal Bank of Canada now owns 19,737 shares of the company’s stock valued at $3,786,000 after buying an additional 6,800 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of SPDR NYSE Technology ETF by 1,050.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares during the last quarter. Westmount Partners LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the second quarter valued at $245,000. Janney Montgomery Scott LLC increased its stake in SPDR NYSE Technology ETF by 6.8% in the second quarter. Janney Montgomery Scott LLC now owns 2,754 shares of the company’s stock valued at $653,000 after purchasing an additional 175 shares during the last quarter. Finally, Private Wealth Group LLC lifted its position in SPDR NYSE Technology ETF by 59.0% during the second quarter. Private Wealth Group LLC now owns 3,874 shares of the company’s stock worth $919,000 after buying an additional 1,437 shares during the period.

SPDR NYSE Technology ETF Price Performance

XNTK opened at $288.50 on Tuesday. SPDR NYSE Technology ETF has a 12 month low of $159.43 and a 12 month high of $295.79. The business has a 50-day moving average of $278.56 and a two-hundred day moving average of $263.54. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 31.16 and a beta of 1.31.

SPDR NYSE Technology ETF Profile

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.